3850 Merle Hay Rd Des Moines, IA 50310

Merle Hay Mall presents a redevelopment-minded retail asset for buyers seeking a high-visibility mixed-use conversion opportunity. The sale includes a six-story high-rise tower and an adjacent former theater, offering flexible redevelopment options for uses such as medical or event-oriented facilities, or other concepts that align with the site’s amenity-rich environment. Existing improvements include a mall-style configuration with indoor access, supported by an HVAC system noted as being in good condition.

Located on the border of Urbandale and Des Moines in a densely populated residential area, the property benefits from a prime position along Merle Hay Road, described as Des Moines’ third most traveled road. The site features a controlled, full movement lighted intersection and multiple lot entrances, with ample surface and covered parking available. The property also offers high walkability and direct proximity to public transportation, with three Des Moines Area Transit Authority bus stops along the corridor.

While the tower’s direct access to nearby shopping, entertainment, and public transit makes the asset particularly well suited for active seniors housing or multifamily redevelopment, ownership is open to other uses that fit the property’s strengths and location. With a mix of existing tenants and recent activity that includes national and experiential brands, this center offers a practical platform for an operator or developer looking to reposition a centrally located retail campus.